U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. …
Tag archives: Cardano
Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business …
Bitcoin of America’s Chief Financial Officer Reports Record Company Growth
press release PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN). Their mission is to provide their customers with a fast and easy transaction process, while securing the best rate in …
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Dutch Professional Football Club AZ ‘Confident’ About Bitcoin’s Future, Keeps BTC on Balance Sheet
Dutch professional football club AZ has formed an exclusive partnership with a regulated cryptocurrency exchange platform, Bitcoin Meester. Part of the sponsorship amount is paid in bitcoin and AZ will leave the cryptocurrency on its balance sheet during the collaboration. The club says it is the first Dutch club to do so. Professional football club …
JPMorgan is bullish on crypto staking ahead of ETH 2.0 launch
Analysts at US bank JPMorgan foresee staking to become a multi-billion market as environmental concerns come into play for top cryptos like Bitcoin, they wrote in a recent report to clients. The team, however, pointed out Ethereum’s upcoming ETH 2.0, the shift to a proof-of-stake consensus design (away from the current proof-of-work design), would jumpstart …
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Free DOGE? New game touts million Dogecoin up for grabs
An augmented reality mobile game titled Million Doge Disco, which will entice players to earn Dogecoin (DOGE) and interactive non-fungible tokens (NFTs) while playing, launches this week. Gary Lachance, a Canadian Dogecoin millionaire and the co-founder of a global party movement dubbed Decentralized Dance Party (DDP), which has attracted hundreds of thousands of participants worldwide …
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Enjin’s NFT Marketplace Efinity Rakes In $20 Million From EFI Token Sale on CoinList
Enjin successfully auctioned all tokens available for sale for the new Efinity NFT marketplace it has developed for the Polkadot ecosystem. Latest Sale Brings Total Marketplace Funding to $38.9 Million Given the concerns about Ethereum’s high costs and sluggish transaction throughput, competition amongst NFT marketplaces is heating up fast. More platforms are launching daily to …
Australian Regulator Seeks Advice on Crypto-Related Assets
The Australian Securities and Investments Commission (ASIC) recently opened a consultation for establishing methods and best practices for regulating crypto assets. The consultation paper seeks guidance on which crypto-assets should qualify as underlying assets, and how to make this determination. The proposal could signal the emergence of new crypto-based products in the Australian market. Australian …
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Unicly to Leverage Sushi’s Miso Auction Tools to Deepen Fractional NFT Liquidity
As Unicly advances NFT combination, fractionalization, and trading, an integration with Sushiswap’s auction platform is designed to promote better pricing conditions for utoken creators and buyers. Collaboration Designed to Improve NFT Price Discovery Process Despite the cooling hype surrounding NFTs, there has been no shortage of innovation in the space as non-fungible token projects explore …
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Create Your Own DAO Easily With xDAO – the Innovative DeFi Platform Powered by BSC
sponsored xDAO is an innovative DeFi platform which allows anyone to easily create Decentralized Autonomous Organizations – DAOs – for the joint management of crypto assets. The platform is powered by BSC, ensuring low transaction costs, high reliability and sufficient speed. An Easy Way to Create Your Own Decentralized Autonomous Organization Launched in April 2021, …
Two Japanese firms turn to Ripple (XRP) tech to power remittances
A subsidiary of SBI has partnered with a local firm to utilize Ripple for remittances. SHAURYA MALWA · JULY 2, 2021 AT 5:00 AM UTC · 1 MIN READ SBI Remit, a subsidiary of Japanese financial and services conglomerate SBI, and Hamamatsu Iwata Credit Bank, a regional credit union, will soon use Ripple for powering remittance services. The service is slated …
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The intrinsic value of crypto beyond the financial cycles
Over the past three years of operation, my colleagues at ARPA and I have had the opportunity to reflect in-depth on the nature of blockchain technology and its applications. What do these obscure terms like decentralization, immutability, fairness, and transparency mean for human society? We share our thoughts, which we’ve formulated into eight concepts, with …
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Algorand (ALGO) is all set to get institutional custodian support via Copper
Copper, a crypto custodian firm, has revealed that it will now be offering support to ALGO, the token of Algorand blockchain, and its other product, better known as Algorand Standard Assets (ASAs). .@CopperHQ announced that they are providing support for the Algo as well as ASAs! Read more on how their award-winning custody solution will …
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Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds …
NBA Star Spencer Dinwiddie’s Crypto-Fueled Social Media App Raises $7.5 Million
According to an announcement revealed on Thursday, Spencer Dinwiddie’s token application called Calaxy has raised $7.5 million in funding. The American professional basketball player for the NBA’s Brooklyn Nets has been a fan of blockchain technology for quite some time, as the point guard raised $1.3 million tokenizing his contract on the Ethereum blockchain. Hedera …
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